Between January and November 2021, Brazil registered a nominal deficit in its public accounts of 329 thousand 415 million reais (59 thousand 140 million dollars), equivalent to 4.16% of gross domestic product (GDP), while the debt had a moderate reduction, as reported yesterday by the Central Bank.
The negative balance between the income and expenses of the Brazilian public sector, including the central government, regional, municipal, state-owned companies and the payment of interest on debt, fell by 64.9% in the first 11 months of the year with respect to the same period of 2020.
The deficit in the public accounts accumulated between January and November is even lower than in the same period of 2019, before the economic crisis caused by the COVID-19 pandemic, when the negative balance amounted to 390 thousand 721 million reais (70 one thousand 147 million dollars) and was equivalent to 5.81% of GDP.
In the accumulated of the last 12 months ended in November, the nominal deficit in the public accounts was 405 thousand 223 million reais (around 72 thousand 750 million dollars), equivalent to 4.71% of GDP.
In November, meanwhile, the country registered a nominal deficit of its public accounts of 26 thousand 608 million reais (4 thousand 777 million dollars), 32.2% more compared to the same month last year.
The primary surplus – which does not include what the State allocates to pay interest on debt but which the Government uses as a reference to measure the situation of public accounts – was 64 thousand 604 million reais (11 thousand 598 million dollars ) between January and November (-0.82% of GDP), reversing the 2020 deficit.